RadNet (RDNT)

Synergies
Analysis.Jefferies
performed an analysis of the present value of the expected synergies projected
by the management of Primedex to be realized from the merger. Based upon the
expected synergies provided by Primedex management, Jefferies calculated a
terminal value of the expected synergies at December 31, 2010 by applying
an exit multiple of 6.0x to the expected synergies in that year. The present
value of the expected synergies for 2006 through 2010 and the terminal value
was then calculated using a discount rate of 13.1%. This analysis resulted in a
net present value for the expected synergies of up to approximately $44.1
million.